<div id="readability-page-1"><div><div><p>With stocks levitating in a straight, diagonal line from the post-war bottom in late March - a move driven entirely by a offside positioning and a historic squeeze in a handful of memory, chip and AI stocks on hopes that trillions in debt-funded capex will magically trickle down in perpetuity to feed an AI beast whose return on invested capital still remains a giant mystery - it will probably not be a surprise to anyone that Bank of America's latest Fund Manager Survey (<em>available here for pro subs</em>) reveals a <strong>record rise in equity allocation among Wall Street's investment professionals...</strong></p></div></div></div>

<p>The latest Bank of America Fund Manager Survey indicates a record increase in equity allocation among investment professionals, alongside a significant drop in cash levels. This trend follows a strong stock market rally, primarily driven by a few tech sectors, raising concerns about sustainability and the underlying economic fundamentals.</p>

- Bank of America's latest Fund Manager Survey indicates a historic rise in equity allocation among Wall Street investment professionals.  
- This surge is attributed to a significant rally in stocks, particularly in memory, chip, and AI sectors, driven by offside positioning and a historic squeeze.  
- Investors are hopeful that increased debt-funded capital expenditures will continue to benefit these sectors, despite uncertainties regarding their return on investment.

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Bank of America

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

"Sell Signal" Triggered In Latest BofA Fund Manager Survey: Record Surge In Equity Allocation, Plunge In Cash Levels